Thursday, December 24, 2009

Rearranging Deck Chairs on the Titanic

I've been reading HR3590 and analysis of its impact.  It is a disaster.

We all agree America needs healthcare reform.  We as a country are the Titanic heading towards the iceberg that will bankrupt many of us individually and the country as a whole unless we can decrease the cost of care.  The lucky thing is that we can see the iceberg ahead.  Innovations are emerging that could significantly reduce the cost of care.  Unfortunately, microeconomics and the effect of regulation on prices are classes that the 60 Senators who voted it for have either not taken, or don't care.

Analysis by the CBO place the cost of the proposal to taxpayers in trillions.  (Yes, with a "T")  It suggests that, "Average premiums per policy in the nongroup market in 2016 would be roughly $5,800 for single policies and $15,200 for family policies under the proposal, compared with roughly $5,500 for single policies and $13,100 for family policies under current law."  It would incent employers to drop coverage of their employees resulting in 10 million new uninsured workers.  Now that is progress! With decreases in reimbursements to doctors, we are sure to have fewer Primary Care Physicians than today's already  dangerously low numbers.  Costs are expected to escalate.  Get used to expensive coverage without care.  The "right" to be put on a waiting list is not better healthcare.  Even the New York Times agrees.

It was such great legislation that bribes were required to get it passed.  Certain states will get federal funding or get boondoggle projects.  Preferred companies in those state will be exempt from certain provisions.  It is a real look at what politics is about.

While we can take evasive manuevers to avoid hitting the iceberg, this bill will only increase the speed of the boat and determine the order that passengers will get into life boats.

It is Christmas Eve...so family comes first, but time permitting, I'll show why if you thought you might get a free lunch from this piece of legislation, you will be sadly disappointed.

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